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Showing posts with label GE funds. Show all posts
Showing posts with label GE funds. Show all posts

Monday, January 17, 2011

WHAT HAPPENS WHEN THE LIGHTS GO OUT?

OUT GO THE LIGHTS! That's what could happen to America if we fail to get our fiscal house in order. Consequences, there are surely dire consequences for not doing so and continuing along the spending path to certain ruin. And along comes the first big decision the new members of Congress will have to make: To raise the Debt Limit, or Not to raise the Debt Limit.


For those of you who are not into spending more than you earn, here's a short explanation of "The Debt Limit." Congress sets a dollar amount, called The Debt Limit, and the government cannot spend more than the Debt Limit amount set by Congress. When the government commits to MORE DEBT than the amount Congress has set, the President trots on over the Congress and asks, pretty please, will you raise the Debt Limit so we can continue to pay our bills and operate - in short, so we can continue to spend money we don't have.

A history lesson, the Debt Limit has been raised 11 times since 1996. Many of those raises were accompanied by promised spending cuts that never materialized. Same old government spenders, promise anything to get what they want. Same game, different players. Don't you believe one word of any promise to cut spending. It won't happen unless they are forced - and that means DON'T RAISE THE DEBT LIMIT, NO WAY, NO HOW.

And now here we are, Obama wants the Debt Limit raised so the government can continue to fund things like turtle tunnels, studying Chinese prostitutes, sidewalks to nowhere, the purchase of electric golf carts for rich golfers, funds for the National Endowment for the Arts so they can display more pornographic so-called art works, studying why Africans don't vote, money to develop a joke machine, studying how monkeys react to cocaine, the genetic makeup of ants; oh, doesn't it just give you warm fuzzies when you think of all the worthwhile things YOUR money goes for??? And Obama wants more of IT from YOU. He wants Congress to RAISE THE DEBT LIMIT so he can spend more.

But guess what? Obama was AGAINST raising the Debt Limit before he was FOR raising the Debt Limit. In 2006 Obama opposed any Debt Limit increase saying the following: "The fact that we are here today to debate raising America's debt is a sign of leadership failure. Leadership means the 'the buck stops here.' Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit." These are Obama's exact words. Talk about two-faced hypocrisy, he's the King Cobra of the Washington snake pit. If America had a "debt problem" in 2006 what does he think the "debt problem" is now? Leadership failure?? Seems to be describing himself.

You will hear the Dems screaming about what will happen if the Debt Limit is not raised, Armageddon is on the horizon, America will be in default, blah, blah, blah. But you need to know that in 1995 a government shutdown did not cause a stock market crash, and it did not create widespread catastrophe and panic and the end of life as we know it, and the world won't spin off its axis in 2011 in spite of what Obama and his czars want us to believe. Everything is a panic with them. Do it or the world ends. Oh, my gosh!

So now I need to ask, is it wishful thinking to hope for the "change" that the Conservatives promised us in the last election? We spoke loudly and clearly and sent about 75 new people to Washington. We said QUIT SPENDING! AND WE MEANT IT. And now, Folks, they better listen to us. Or they too will be replaced. 2012 is almost here.

Wednesday, October 13, 2010

STIMULUS POT OF GOLD GOES TO GE

While Obama and the DemoBrats want to distract you with stories about the Chamber of Commerce, CSNews.com reports that Obama gave corporate giant General Electric - the parent company of NBC - $24.9 million in stimulus grant money. GE is run by Jeff Imeldt who is bosom buddies with Obama and sat on Obama's economic advisory board. And NBC is Obama's personal media cheer leader.

GE is also one of the two companies who are being paid billions to develop the federal database where our medical records will be required to be stored. You didn't know that? Oh, yeah, one of those pesky details of Obamacre that they failed to mention before the brainless in Washington voted on it. Why GE was awarded this contract, with little to no experience in database development, rather than Google, is no mystery. It's Pay Back Time, and we the taxpayer are ponying up the cash for Obama's Pay Back Slush Fund.

What did all the money to GE go for? Recovery.gov posts brief explanations of each grant. For example, the Department of Justice gave GE $999,955 in stimulus money. "The goal of this program," said Recovery.gov, "is to develop a comprehensive reasoning system for event and scenario recognition for an intelligent video system." Well, that's about as clear as mud, don't you think?

In addition to the $24.9 million it received in stimulus grants, GE was also awarded $5 million in federal contracts under the economic stimulus law. And there are likely billions more that GE received through numerous other government programs that have yet to come to light.

And while sucking up government cash with a vengeance, GE eliminated 18,000 U.S. jobs in 2009, according to their annual report. Thanks, GE, for using OUR stimulus money to provide US with jobs. And thanks, Obama, for giving away OUR money and getting nothing in return.

Obama's "gotta-pass-it-now-or-we-are-doomed" stimulus bill was supposed to create jobs, not eliminate them. But here we are, unemployment still hovering around 10%. This is precisely why we never got the "jobs" we were promised. The stimulus bill was a huge political slush fund to pay back Obama supporters.

But don't you worry. You won't have to pay for it.....Your children will.